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21-01-2013 08:28 AM
| France
Crops for biofuel ‘lift global food prices’
Biofuel output from agricultural commodities has contributed to surging world food prices in the past decade, says Nestle chairman Peter Brabeck-Letmathe.
World food prices tracked by the United Nations’ Food and Agriculture Organisation have more than doubled in the past 10 years, while the US price of maize — a raw material for ethanol — has more than tripled.
World food prices tracked by the United Nations’ Food and Agriculture Organisation have more than doubled in the past 10 years, while the US price of maize — a raw material for ethanol — has more than tripled.
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